Reinsurance News
Dominick Hoare to retire at year-end after more than 32 years with Munich Re
18th May 2026
Dominick Hoare, Group Chief Underwriting Officer, Munich Re Specialty, Global Markets and Active Underwriting Syndicate 457, is set to retire at the end of 2026 after more than 32 years of service. Hoare joined Munich Re, one of Europe's big four reinsurance companies, in 1994 and has held various senior underwriting ... Read the full article
US P&C insurance industry faces weaker growth in 2026 despite improved underwriting results
18th May 2026
The US property and casualty (P&C) insurance industry is projected to see underlying growth fall to -3.7% in the first half of 2026, down from 1.6% in 2025, as insurers continue to contend with catastrophe exposure, inflationary pressures and rising claims costs, according to new forecasts from the Insurance Information ... Read the full article
Augment Risk appoints Crystal Maragh to Global Parametric Specialty team
18th May 2026
Augment Risk, a reinsurance and capital solutions broker, has confirmed that Crystal Maragh has joined its Global Parametric Specialty division in Miami. In this role, she will focus on supporting growth and delivery across parametric transactions, drawing on her experience in actuarial science, parametric product development and risk analytics as part ... Read the full article
LMG’s Data Council updates Core Data Record to support treaty reinsurance
18th May 2026
Following a consultation involving 68 organisations across the Lloyd’s and London markets, the London Market Group’s Data Council has updated the Core Data Record (CDR) to version 3.3, introducing new data fields designed to support treaty reinsurance business. The scope of the new v3.3 placing CDR has been expanded from the ... Read the full article
CopperPoint to acquire General Indemnity Group in nationwide surety expansion
18th May 2026
CopperPoint Insurance Company, a Phoenix-based specialty provider of workers’ compensation and commercial insurance solutions, has signed a definitive agreement to acquire General Indemnity Group (GIG), an insurance holding company focused on commercial and contract surety solutions across all 50 states and Washington D.C. The transaction includes GIG subsidiaries United Casualty & ... Read the full article
Premium renewal rates up YoY across nearly all major commercial lines: Ivans
18th May 2026
Ivans, a division of Applied Systems, has released the April 2026 results of the Ivans Index, indicating a year over year increase in average premium renewal rates across Commercial Auto, Business Owner’s Policy (BOP), General Liability, Commercial Property, and Umbrella. Conversely, Workers’ Compensation experienced a decrease in premium renewal rates during ... Read the full article
CFC appoints John Howard as Chair of its Board of Directors
18th May 2026
CFC, a specialist insurance provider centred on emerging risks and recognised as a market leader in cyber insurance, has appointed industry veteran John Howard as Chair, subject to regulatory approval. Howard has over three decades of industry experience, including a solid track record in the US specialty, CFC's biggest distribution market ... Read the full article
Lloyd’s warns AI is amplifying evolving cyber risk vectors and uncertainty in coverage exposure
18th May 2026
In Lloyd’s Q2 Market Message, Rachel Turk, Chief of Performance & Strategy, warned that cyber risk vectors continue to evolve, with artificial intelligence adding a further layer of complexity and uncertainty, both through its use by threat actors and in raising emerging questions around potential coverage. Lloyd's has classified the cyber ... Read the full article
The Fidelis Partnership rolls out AI-enabled Broker Connect with Howden as first partner
18th May 2026
The Fidelis Partnership (TFP) has announced the launch of Broker Connect, a new capability within its underwriting platform designed to significantly automate and streamline the pre-bind submission process for complex risks, with Howden as the first broking partner to go live via ACORD ADEPT. TFP explained that ACORD ADEPT is one ... Read the full article
Somerset Re is uniquely positioned to focus on both small and large transactions, says CEO Danish Iqbal
18th May 2026
Danish Iqbal, Chief Executive Officer at Somerset Re, said the life reinsurer is uniquely positioned in the market, being highly rated with a very strong balance sheet among players focused on smaller blocks of business, while also having the expertise, track record, and financial strength to focus on larger transactions. In ... Read the full article
Guy Carpenter appoints Andrew Hare as MD & Head of Growth, APAC
18th May 2026
Global reinsurance broker Guy Carpenter has appointed Andrew Hare as Managing Director and Head of Growth, Asia Pacific. In his new role, Hare will focus on accelerating sustainable, profitable growth across the region by aligning client strategy, market opportunity, and Guy Carpenter’s global capabilities. He is a senior reinsurance and insurance executive ... Read the full article
TWIA requires a further $1.23bn of reinsurance to meet 2026 risk transfer needs
18th May 2026
After successfully pricing its latest catastrophe bond, as reported by our insurance-linked securities (ILS) focused sister publication, Artemis, the Texas Windstorm Insurance Association (TWIA) now requires around $1.23 billion of fresh reinsurance to fulfil its risk transfer requirements for 2026. We reported back in February that the TWIA board adopted ... Read the full article
Willis launches integrated risk and insurance solution for carbon capture
18th May 2026
Willis, a WTW business, has announced the launch of a new Carbon Capture and Storage (CCS) insurance solution. The fully integrated insurance suite has been designed specifically to support developers and operators across the entire carbon dioxide capture, transportation, and storage value chain. According to the announcement, the new solution adapts upstream ... Read the full article
Howden Re expands Swiss operations and leadership structure across DACH region
18th May 2026
Howden Re, the reinsurance, capital markets and strategic advisory division of Howden, has announced further changes to its Swiss platform and leadership team as the company continues to strengthen its presence across Europe. The company said Switzerland remains a strategically important market and highlighted its ongoing efforts to build on the ... Read the full article
OdysseyRe appoints Gromellon and Serres as Co-CUOs, EMEA
18th May 2026
Odyssey Reinsurance Company (OdysseyRe), the property and casualty reinsurance arm of Odyssey Group Holdings, Inc., a subsidiary of Fairfax Financial Holdings Limited, has appointed Tegwen Gromellon and Anne-Claire Serres as Co-Chief Underwriting Officers (CUO) of its Europe, Middle East and Asia (EMEA) division, effective July 1st, 2026. The pair take over ... Read the full article
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